Business
People’s Bank and Japan Remit Finance Strengthen 5-Year Partnership to Boost Remittances from Japan to Sri Lanka
People’s Bank broadened its Remittance Partnership with Japan Remit Finance Company Ltd recently. Japan Remit Finance Company Ltd (JRF) has been one of People’s Bank’s prime remittance partners in Japan since May 2020. This collaboration has enabled seamless and efficient fund transfers from Japan to Sri Lanka, reaffirming People’s Bank’s commitment to providing convenient banking solutions for Sri Lankans living and working overseas.
Recently, a delegation from JRF, led by Sri Lanka Branch Manager and official JRF representative in Japan, R.M. Tharanga Ranajeewa Bandara, visited the People’s Bank Head Office in Colombo 02. The delegation held discussions with Chief Executive Officer/General Manager Clive Fonseka, Deputy General Manager – Retail Banking and Overseas Customer Services Aruni Liyanagunawardana, and other senior officials. The focus of the discussions was on strengthening cooperation, enhancing service efficiency, and introducing advanced digital solutions for cross-border transfers.
Japan Remit Finance Compant Ltd , established in 2011, has earned a strong reputation as a trusted and well-established financial service provider in Japan. Through its efficient remittance solutions, JRF has become the most preferred choice for Sri Lankan expatriates seeking secure , cost effective and instant money transfers. A highlight of the service is the JRF Mobile App Wallet, which allows customers to deposit funds, withdraw cash, and transfer money directly from their Japanese bank accounts. Remittances are credited instantly to beneficiary accounts in Sri Lanka in LKR, USD, and JPY, while a convenient cash pickup service is also available. Customers further benefit from incentives such as zero service charges on the first transaction, attractive referral rewards, competitive exchange rates, low service fees, and 24/7 multilingual support in Sinhala, English, and Japanese.
Beyond remittances, JRF provides access to a range of broader financial services for Sri Lankans in Japan, including the ability to open People’s Bank accounts in LKR, JPY, and USD, as well as fixed deposits, loans, and investment opportunities through JRF Capital. Customers can also enjoy secure digital payments via JRF Pay.
Further diversifying its services, JRF caters to the Sri Lankan community in Japan through JRF Mobile (SIM cards and Wi-Fi solutions), JRF Umart (an online marketplace), and JRF Intelligence (recruitment and HR solutions). With a growing international presence, including operations in South Korea and Canada, JRF continues to expand its service delivery to the global Sri Lankan diaspora.
Through People’s Bank’s advanced remittance systems, transfers are processed in real time, ensuring maximum convenience, security, and efficiency. Serving over 15.2 million customers nationwide, with an asset base exceeding LKR 3.0 trillion and a dedicated workforce of nearly 8,000 employees across 750 branches and service centres, People’s Bank remains one of the country’s most trusted financial institutions.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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